MicroStrategy Raises Another $1.76 Billion, Saylor Hints at Larger Bitcoin Acquisition

According to BroadChain, at 04:46 on April 20, NewsBTC reported that Michael Saylor's company, MicroStrategy, has secured funds for its next round of Bitcoin acquisitions. Over the weekend, the company's executive chairman, Saylor, posted his signature "orange dot" Bitcoin holdings chart on the X platform with the caption "Think Bigger," which typically signals the company's announcement of new purchase plans. Previously, on April 13 and the week before, the company spent $1 billion and $330 million respectively to acquire Bitcoin, both times releasing the same chart before the actions. According to tracking data, MicroStrategy has raised funds through its STRC tool that could support Bitcoin acquisitions of up to $1.76 billion, a method the company commonly uses to fund its Bitcoin purchase plans. As of the time of writing, MicroStrategy holds a total of 780,897 Bitcoins, with an average purchase cost of $75,577 per coin, and the current total value of its holdings is approximately $58 billion. Despite the acquisition signal, Bitcoin's price reaction has been muted, currently trading at around $75,500, with a decline of less than 1% in the past 24 hours. Geopolitical pressures are suppressing market risk appetite. Notably, Bitcoin Dominance has broken through a key resistance level on the three-day chart. Analysts point out that if the breakthrough is sustained, funds may further flow from mid- and small-cap tokens to Bitcoin. Such market structure changes align with MicroStrategy's investment strategy.